Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Monday, May 30, 2011

Housing market improves, but from low base, says ANZ

Rents have reached a two-and-a-half year high and are set to increase further, according to the latest ANZ Property Focus.

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Monday, May 30, 2011

Low rates increasing appeal of investment property, ASB

Housing market confidence has improved slightly over the March quarter and lower mortgage rates have made property an increasingly attractive investment, according to the latest ASB Housing Confidence survey.

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Monday, May 23, 2011

New system aims for fewer estate agent complaints

The Real Estate Agents Authority (REAA) hopes the launch of a new complaints handling system will reduce the number of official complaints against real estate agents.

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Monday, May 16, 2011

Rental property top investment choice for Aucklanders

Aucklanders rate rental property as their preferred investment class, bucking the national trend for favouring term deposits, according to the latest ASB Investor Confidence Survey.

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Monday, May 16, 2011

Ups and downs, Auckland year-on-year rents revealed by Crockers

The average rent for a four-bedroom property in Auckland's Ponsonby has risen 57% over the past year, while Epsom has seen a 40% fall, according to the latest Crockers Auckland rental price table.

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Thursday, May 12, 2011

First time buyers, investors an increased presence in market

More estate agents are seeing increased activity from first home buyers and sustained interest from property investors, according to the second BNZ-REINZ Market Survey.

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Wednesday, May 11, 2011

REINZ regional commentaries - April 2011

The REINZ April 2011 regional commentaries

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Wednesday, May 11, 2011

Prices down, sales up and a new all-time median high for Auckland

The housing market saw a lift in volumes over April with a seasonally adjusted 3% rise in sales compared to March, according to the latest Real Estate Institute (REINZ) report.

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Tuesday, May 10, 2011

NZ house prices over valued, says IMF

House prices in New Zealand are over-valued by as much as 25% compared to the average over the past 20 years, according to the International Monetary Fund (IMF).

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Tuesday, May 10, 2011

QV April - the regions

Property values appear to be stabilising across the country, according to QV's report on the regions.

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Tuesday, May 10, 2011

QV sees value stability spread

A flattening of house price values in Auckland helped residential property values remain relatively stable at a national level across April, according to the latest QV report for April.

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Monday, May 09, 2011

King's Counsel

For the new Property Investors Federation president Andrew King, taking on the top job in an election year has given an extra focus to the Federation's role lobbying on behalf of property investors.

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Monday, May 09, 2011

Opportunities for investors in Auckland expansion proposals

Auckland property investors would "always have a letting market" for the city council's proposed smaller inner city dwellings, according to Bayleys managing director Mike Bayley.

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Friday, May 06, 2011

House prices ‘will rise' says BNZ

The lack of new houses being built and construction industry capacity issues as the Christchurch rebuild begins will lead to an inevitable rise in house prices, according to BNZ economist Tony Alexander.

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Friday, May 06, 2011

Floating rates growing in popularity

With the Reserve Bank keeping interest rates low more home buyers will move to floating rate mortgages, according to Westpac New Zealand chief executive George Frazis.

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Friday, May 06, 2011

Unlucky 13 - Auckland weekly rent down on March

The average weekly rent in Auckland fell by $13 during April compared to March, while the average weekly rent stood at $421, according to Barfoot & Thompson.

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Thursday, May 05, 2011

Housing consent numbers back to 1982 levels

Consents for new homes have fallen to the lowest level since records began - 1982.

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Wednesday, May 04, 2011

April sales price a record for month - Barfoot & Thompson

The average house sales price for Auckland stood at $544,975 in April, $3,500 above April last year and the highest April figure achieved by Barfoot & Thompson, the estate agent revealed today.

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Monday, May 02, 2011

Asking prices hit four-year high

The property market is beginning to show signs of renewed activity with the average asking price for a home at its highest level in four years, according to the Realestate.co.nz NZ Property Report.

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Monday, May 02, 2011

Property market soothsayers and silver linings

Confusing comments from market 'soothsayers' may be spooking possible buyers, but a more relaxed attitude from banks to mortgage lending offers some silver lining, claimed First National Group.

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Monday, May 02, 2011

Auckland leads the rent charge

Rents for two and three-bedroom properties in Auckland have seen sharp rises over March, and in one area the average four-bedroom rent rose 50%, according to Crockers Market Research.

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Sunday, May 01, 2011

May '11 Issue

Renovating is the new black Add rooms and you'll add value to your property, says Property Investor's May issue, out now.

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Sunday, May 01, 2011

Thank you Martin

It was the end of a very special era last month, when NZPIF President Martin Evans decided not to stand for re-election after four years in the job.

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